totallyyours - Terrence Rasul, Realtor

10/04/2011

Virginia home sales in August, the ups and downs | Virginia Association of Realtors

Virginia home sales in August, the ups and downs | Virginia Association of Realtors

Year over year home sales in Virginia increased 8% in August 2010 to 7,779 units sold, as compared to only 7,210 sales in August 2010. This increase is a welcome sign in Virginia after recent declines in the pace of home sales.

08/13/2011

Closing Cost Offer

Navy Federal offers $2,500 towards Closing Cost

Serving veteran mortgage loans and military mortgage loans. Great rates available for all military personnel.

07/25/2011

From September 30th 2011, Loan limits for Conventional and FHA loans will be reduced to $625,000 from $729,000.

06/10/2011

Washington region's home prices heat up as U.S. cools down | Liz Farmer | DC | Washington Examiner

Washington region's home prices heat up as U.S. cools down | Liz Farmer | DC | Washington Examiner

The Washington area's home prices in May outperformed the rest of the nation by leaps and bounds -- again -- while other markets continue to double dip, a new report says.

04/06/2011

Sales Drop After Seeing Sustained Gains

Very interesting report on existing home sales for February 2011

NAR Chief Economist Lawrence Yun talks about February 2011 existing-home sales, which are down from the previous month, in his national press conference on March 21, 2011.

02/16/2011

FHA RULES CHANGE AGAIN
The Annual Mortgage Insurance Premiums is increasing for loans on or after April 18, 2011.

The impact (for a FHA down payment 3.5%):
Monthly payment increase = (SALES PRICE) x 2.01 x 10-4
...
e.g. $250,000 sale price
250,000 x 2.01 x 10-4 = 50.25

The monthly payment will increase by $50.25.

If you are thinking of buying soon, do it now and lock your loan before April 18, 2011.

01/28/2011

10 Common Errors Home Owners Make When Filing Taxes

10 Common Errors Home Owners Make When Filing Taxes

Don’t rouse the IRS or pay more taxes than necessary—know the score on each home tax deduction and credit.

01/27/2011

December Existing-Home Sales Jump

Although prices are creeping up!

Existing-home sales rose sharply in December, when sales increased for the fifth time in the past six months, according to the National Association of REALTORS®.

01/27/2011

FHA Minimum Credit Score Reduced!

Prosperity Mortgage, an affiliate of Wells Fargo Bank has announced that Wells Fargo is the first and currently the only to offer loans to selected individuals with credit scores as low as 500 effective January 15, 2011. Only individuals who can show recent track record of rebuilding their credit are considered.

Contact Terrence at 703-433-0770 for more information.

12/16/2010

Mortgage interest rates up today to 5% from about a month age when you could have gotten 4%, just another sign of recovery.

12/16/2010

October Pending Home Sales Post Big Gain

The market is rebounding slowly but surely.

NAR's forward-looking Pending Home Sales Index showed a strong 10.4 percent monthly gain in October, 2010.

11/09/2010

September Existing-Home Sales Show Another Strong Gain

September Existing-Home Sales Show Another Strong Gain

Existing-home sales rose again in September, affirming that a sales recovery has begun, according to the National Association of Realtors®.

10/21/2010

Foreclosure Record: 100,000 Homes in 1 Month

September Bank Foreclosures Reach New Record

The nation's foreclosure epidemic gathered steam in September, with banks taking over more than 100,000 properties for the first time. Overall, filings rose 3 percent, according to RealtyTrac, an online service that tracks foreclosure rates.

10/20/2010

Long & Foster Real Estate for iPhone, iPod touch, and iPad on the iTunes App Store

Search for homes on your iPhone/iPad with my new App! Download: http://itunes.apple.com/us/app/long-foster-real-estate/id385133350?mt=8 And Enter Access Code: 222

Learn more, read reviews, and download Long & Foster Real Estate by Hillside Software, Inc on the iTunes App Store.